Behavioral Economics

Behavioral Economics

9th - 12th Grade

20 Qs

quiz-placeholder

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Behavioral Economics

Behavioral Economics

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Marissa Jadrosich-Forget

Used 14+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency to conform to the behaviors and beliefs of the people around you?

Herd mentality

Endowment effect

confirmation bias

sunk cost fallacy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency to put more value on things you already own

herd mentality

Endowment effect

loss aversion

hedonic adaption

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency to return to a baseline level of happiness regardless of whether you go through a positive or negative experience or event

Confirmation bias

Herd mentality

Hedonic adaption

sunk cost fallacy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the tendency to make decisions about a current situation based on what resources you have already invested in the situation

loss aversion

herd mentality

confirmation bias

sunk cost fallacy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: The tendency people have to be more confident in their own abilities - overconfidence bias

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: The tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence - sunk cost fallacy

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website

Herd mentality

Overconfidence Bias

Fear of Missing Out

Confirmation bias

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